Pratt & Whitney Singapore
Objective of role - To provide accurate revenue recognition of sales and margin, and analyze sales trends and variances while supporting management in making key decisions. Responsibilities - Lead the Geared Turbofan (GTF) invoicing activities – identify cost reduction areas, coordinate with other functions within the business and understand their GTF processes. - Prepare engine overhaul invoices based on contractual terms & condition. Ensure on-time processing and accuracy of invoices. - Analyse engine overhaul costs by cost type, generate invoice estimates for financial forecasting purpose, and provide decision support materials to management to assess financial targets and metrics. - Analyse actual costs performance in comparison to cost sheet to improve campaign competitiveness. - Collaborate with Production and Operations to understand the engine composites. - Liaise with other departments and finance shared service (Accenture) for resolving invoice queries. - Actively participate in contract handover reviews from sales representatives and campaign, T&C clarifications, calculate price escalation. - Drive Margin Review Cadence to provide insights on Revenue, Margin, Billings, and Cost Reduction opportunities for operational decision making. - Participate in strategic initiatives to reduce overall invoice cost, productivity improvement and align with ESA’s overall growth strategy. - Participate in month-end closing activities including, revenue recognition process, cost release analysis, accrue financial provision, and WIP analysis. - Provide insightful analysis to the inventory and WIP profile, the age of these balances and co-relate these information to the forecasted sales to ensure accurate inventory and WIP reporting. - Support auditing activities including SOX testing, provide supporting documents to auditors to ensure financial and legislation compliance. - Identify areas of improvement within the Financial and Information Management Systems that can provide better, more pertinent data to support the business decision making process. - Carry out any other job duties as assigned. Requirements - Bachelor’s degree in Accounting or Finance or equivalent professional qualification (ACCA / CPA). - Basic understanding of the new revenue recognition standard (ASC 606 / IFRS 15). - Minimum 3 years of relevant experience. - Ability to understand the contractual terms for billing and cost accruals, costing analysis. - Meticulous and possess good analytical and problem solving skills with hands on attitude and attention to details. - Good interpersonal and communication (written and verbal) skills. - Proactive and a strong team-player with high standards of performance to support company goals. - Able to work well under pressure in a dynamic environment. - Proficient in MS Office applications (e.g. MS Excel, MS Word and MS PowerPoint) and SAP.
May 27, 2019